Tax Regime And Investment from GIPC website
Tax Regime (Ghana Revenue Authority)
Corporate Tax
| Type of Company | Percentage (%) |
|---|---|
| Hotels | 22 |
| Financial Institutions – Income from loan to farming enterprises | 20 |
| Financial Institutions – Income from loan for a leasing company | 20 |
| All Companies | 25 |
| Companies engaged in non-traditional exports | 8 |
| Companies listed on the Stock Exchange | 22 |
Investment Incentives
Tax Holidays (From Start of Operation)
| Sector | No. of years | Percentage (%) |
| Real Estate | 5 years | |
| Rural Banks | After 10 years tax holiday | 8 |
| Cattle ranching | 10 years | |
| Tree cropping (e.g. coffee, oil palm, shea-butter and coconut) | 10 years | |
| Livestock excluding cattle and poultry | 5 years | |
| Fish farming, poultry and cash crops | 5 years | |
| Agro-Processing – converting fish, livestock into edible canned products | 5 years | |
| Waste processing (including plastics and polythene | 7 years | |
| Free Zones Enterprise/Development (after 10 years of operation) | 8% |
Locational Incentives (Tax Rebates)
a)Manufacturing industries located in:
- Accra and Tema 25%
- All other regional capitals 18.75%
- Located outside regional capitals 12.50%
b) After the initial 5-year tax holiday period, Agro-processing enterprises which use local agricultural raw materials as their main inputs shall have corporate tax rates fixed according to their location as follows:
- Accra – Tema 20%
- Other Regional Capitals (except Northern,
Upper East and Upper West Regional Capitals) 10%
- Outside Regional Capitals 0%
- Northern, Upper East and
Upper West Regions (capitals and all other locations) 0%
Exemptions
Industrial plant, machinery and parts thereof are exempted from customs import duty under the HS Codes chapter 82, 84 and 85.
Investment Guarantees
- Constitutional guarantee
- Investment laws which guarantee 100% transfer profits, dividends, etc.
- MIGA membership
- Bilateral Investment Promotion Treaties (BITs)
